Hailey Welch: “Hawk Tuah” Girl Hailey Welch Responds to Memecoin Lawsuit, Says She Will Cooperate

Hailey Welch said she is there for her fans after they lost millions investing in her memecoin.

‘Hawk Tuah‘ Girl Hailey Welch On Friday, it issued a statement in response to the lawsuit filed against it accusing it of crypto fraud as thousands of investors suffered a huge loss after purchasing its memecoin $HAWK, launched on December 4th. “I take this situation extremely seriously and would like to address my fans: I am fully cooperating with the affected investors and am committed to supporting the legal team in representing those affected and helping to uncover the truth, “To hold the responsible parties accountable and resolve the matter,” Hailey Welch said, giving her fans a link to register their complaints.
The memecoin “Hawk…” named after her fame crashed hours after her launch, resulting in a huge loss for her fans who only invested in crypto for the first time after her influence.

The coin reached a market cap of $490 million shortly after its launch on December 4th – but plunged more than 90% to less than $100 million within hours. A presale of the coin raised about $2.8 million before the launch date, with a value of $16.69 million, plaintiffs’ lawyers wrote in the lawsuit.
Investors said they lost more than $151,000.
After the disaster, there were rumors suggesting an inside job to drive up the price. But the Hawk Tuah girl’s team blamed Alex Larson Schiltz, aka Doc Hollywood.
The lawsuit was filed in the First U.S. District Court for the Eastern District of New York under the name Tuah The Moon Foundation; overHere Ltd and its founder Clinton So, who launched the coin; and social media influencer Alex Larson Schultz, also known as Doc Hollywood, as defendants. Hailey Welch was not named in the lawsuit.
Hailey Welch’s team said it trusted the wrong partners, spent too long trying to fix other people’s messes, and didn’t speak up sooner.